Sensato Investors LLC acquired a new stake in MKS Instruments, Inc. (NASDAQ:MKSI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,400 shares of the scientific and technical instruments company’s stock, valued at approximately $510,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its holdings in shares of MKS Instruments by 311.2% in the fourth quarter. Meeder Asset Management Inc. now owns 1,065 shares of the scientific and technical instruments company’s stock valued at $101,000 after acquiring an additional 806 shares in the last quarter. Krilogy Financial LLC purchased a new position in MKS Instruments in the third quarter valued at about $144,000. Advisor Partners LLC purchased a new position in MKS Instruments in the fourth quarter valued at about $206,000. Bridgeworth LLC purchased a new position in MKS Instruments in the third quarter valued at about $203,000. Finally, Advantage Investment Management LLC grew its stake in MKS Instruments by 65.5% in the third quarter. Advantage Investment Management LLC now owns 2,393 shares of the scientific and technical instruments company’s stock valued at $226,000 after purchasing an additional 947 shares during the last quarter. Hedge funds and other institutional investors own 93.92% of the company’s stock.
In other news, COO John Tseng-Chung Lee sold 13,432 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $115.38, for a total transaction of $1,549,784.16. Following the sale, the chief operating officer now owns 1,601 shares in the company, valued at $184,723.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian Charles Quirk sold 2,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $105.10, for a total value of $210,200.00. Following the sale, the vice president now owns 11,863 shares in the company, valued at approximately $1,246,801.30. The disclosure for this sale can be found here. Insiders have sold 59,652 shares of company stock worth $6,362,877 in the last 90 days. Insiders own 1.65% of the company’s stock.
Several equities analysts have issued reports on MKSI shares. KeyCorp reiterated a “buy” rating on shares of MKS Instruments in a research note on Friday, February 2nd. Zacks Investment Research upgraded MKS Instruments from a “hold” rating to a “strong-buy” rating and set a $119.00 target price on the stock in a research note on Tuesday, February 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $133.00 target price on shares of MKS Instruments in a research note on Thursday, February 1st. Dougherty & Co reiterated a “buy” rating on shares of MKS Instruments in a research note on Sunday, February 4th. Finally, BidaskClub lowered MKS Instruments from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $116.60.
MKS Instruments, Inc. (NASDAQ MKSI) opened at $123.30 on Wednesday. MKS Instruments, Inc. has a 52 week low of $64.75 and a 52 week high of $128.28. The company has a quick ratio of 3.10, a current ratio of 4.27 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $6,819.17, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.19 and a beta of 0.93.
MKS Instruments (NASDAQ:MKSI) last issued its quarterly earnings results on Wednesday, January 31st. The scientific and technical instruments company reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.63 by $0.08. MKS Instruments had a return on equity of 22.51% and a net margin of 17.70%. The business had revenue of $512.00 million for the quarter, compared to analyst estimates of $500.22 million. During the same quarter in the previous year, the firm earned $1.05 earnings per share. The company’s revenue was up 26.4% on a year-over-year basis. equities research analysts expect that MKS Instruments, Inc. will post 7.89 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.58%. MKS Instruments’s payout ratio is 11.69%.
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MKS Instruments Profile
MKS Instruments, Inc is a global provider of instruments, subsystems and process control solutions that measures, controls, powers, delivers, monitors and analyzes critical parameters of advanced manufacturing processes. The Company operates through two segments, including the Vacuum & Analysis segment and the Light & Motion segment.
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